iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 70.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,421,084 shares of the company’s stock after purchasing an additional 589,100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in iShares Fallen Angels USD Bond ETF were worth $37,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Virtue Capital Management LLC raised its position in iShares Fallen Angels USD Bond ETF by 0.6% during the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock valued at $1,920,000 after acquiring an additional 401 shares in the last quarter. FOCUS Wealth Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.8% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after purchasing an additional 534 shares in the last quarter. Sequent Planning LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 5.0% in the 4th quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock valued at $300,000 after purchasing an additional 536 shares during the period. Principal Securities Inc. boosted its holdings in iShares Fallen Angels USD Bond ETF by 1.3% during the fourth quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock worth $1,109,000 after buying an additional 550 shares in the last quarter. Finally, AlphaCentric Advisors LLC grew its position in iShares Fallen Angels USD Bond ETF by 6.6% during the fourth quarter. AlphaCentric Advisors LLC now owns 9,443 shares of the company’s stock valued at $252,000 after buying an additional 586 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

FALN opened at $26.78 on Friday. The company has a fifty day moving average of $26.97 and a two-hundred day moving average of $27.02. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1372 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Fallen Angels USD Bond ETF Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.